The PRI Regulation Map, covering 300 policy tools or market-led initiatives, indicates the nature of each rule, the year of implementation, the authority responsible, whether the measure is voluntary or mandatory and if it addresses ESG issues in isolation or in combination.
The database groups regulation into: ESG regulation targeting pension funds, Stewardship Codes, ESG integration requirements for the wider investment chain, and corporate disclosure guidelines. The full methodology can be found here. To report corrections and additions, or request a copy of the database, contact us.
We focussed our study on the top 50 economies by GDP. Of these, only Iran has no policy initiatives relating to ESG factors and investment. These initiatives are a recent phenomenon, and the pace is increasing. We found that over half of all responsible investment policy dates from the period 2013-2016.
This demonstrates that responsible investment regulation is on the agenda for policymakers, investors and civil society worldwide. With this report, we want to understand whether these regulations are really changing the way investors, and ultimately companies, behave on ESG issues.
“From my point of view, natural disasters such as the unforgiving earthquake and tsunami that hit in 2011 have influenced financial institutions’ mindset in Japan. After witnessing the fragility of our civilized society through this so-called “3.11” incident, we were all asked to revisit the meaning of sustainability.”
Shin Izumi, Deputy Director, Environmental Policy Bureau, Ministry of the Environment, Japan
Download the full report
Global guide to responsible investment regulation
MSCI and MSCI ESG Research contributed data and ratings information to this report